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This paper uses an OLG model to analyze the dilemma between efficiency and fairness, and then give a numerical simulation for China’s reform practice in pension system with Chinese data.Results showed that :1)Compared to efficiency and fair distribution, partial full-funded syste- m was better...
Persistent link: https://www.econbiz.de/10011258251
privatization of the Turkish Social Insurance Institute for Self –Employed Persons, “BK”. Based on data provided by the … privatization. Present value of the change in net social benefit was estimated. The effect of privatization on representative … individuals has also been quantified. Results indicate that social benefits associated with a privatization alternative exceed the …
Persistent link: https://www.econbiz.de/10011258112
decades. One alternative adopted in several countries is the privatization of so-called pay-as-you-go financing systems. The … privatization of the Turkish Social Insurance Institute, SSK. Based heavily upon data provided by the International Labor … Organization, financial projections of the institution were made and extended to apply benefit-cost models of privatization …
Persistent link: https://www.econbiz.de/10011107767
Turkish social security system has been developed under various social security institutions to provide social insurance against various social risks since 1945. Although the system has just 62 years history, it is in such situation that it is just able to provide its services with income...
Persistent link: https://www.econbiz.de/10011112446
The principle of uncertain future: the probability of a future event contains a degree of (hidden) uncertainty. As a result, this uncertainty (in a sense, similar to vibrations, fluctuations) pushes the probability value back from the bounds to the middle of its range (from ~100% and ~0% to the...
Persistent link: https://www.econbiz.de/10005835639
A model is presented to characterise the (optimal) demand for cash balances in deregulated markets. After the model of James Tobin, 1958, net balances are determined in order to maximise the expected return of a certain portfolio combining risk and capital. Unlike the model of Tobin, however,...
Persistent link: https://www.econbiz.de/10005835720
In 1991, Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA). The Act provided for risk-based deposit insurance premiums, put explicit limits on the application of a “too big to fail” principle for banks and required that examiners implement “prompt...
Persistent link: https://www.econbiz.de/10005835744
In the context of a bright economy towards we aim the insurances represent are activity branch a services department with a financial character and with many valences. Beyond of the essential role of these is that the protection of the properties and the persons too between the various risks,...
Persistent link: https://www.econbiz.de/10005835996
Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies should control their financial stability in order to avoid the insolvency or even bankruptcy state. Thus, the insurers should find the adequate methods of substantiating the...
Persistent link: https://www.econbiz.de/10005836019
Taking into account the actual economic situation of the world with numerous financial crisis, the insurance companies should control their financial stability in order to avoid the insolvency or even bankruptcy state. Thus, the insurers should find the adequate methods of substantiating the...
Persistent link: https://www.econbiz.de/10005836220